Pediatric Practice Assessment
PMI offers two (2) levels of Pediatric Practice Assessments:
Remote:
We provide a variety of financial analyses, along with phone/video conferencing options. This is a great value for practices that need PMI to focus on the financial aspects of the practice, and support this with remote consultation.
Onsite:
Everything included in the remote package, PLUS a one-day onsite visit for review of front-office operations, review of billing office operations, a how-to-facilitate-strategic-planning session for practice shareholders, and an educational session for employees on providing excellent customer service in Pediatrics.
Upgrade Options: Credit is provided to practices that choose to have PMI complete Remote Package and then upgrade to the Comprehensive/Onsite package if scheduled within one month of the completion of the remote assessment. The practice only pays the difference in package prices plus applicable travel costs.
Service Options and Pricing
Comprehensive Pediatric Practice Assessment
- Initial Phone Consultation
Phone call or video conference with Managing Partner to discuss their concerns and determine objectives of an engagement - Practice Cost Analysis
Review practice expenses for past two years - Payment Analysis
Review payments received to identify specific CPT codes, by insurance company, that are not paying appropriately - Financial Analysis
Review of key financial ratios over the past 24 months to identify any trends adversely affecting the practice. - Physician Satisfaction Survey
Survey for practice physicians covering compensation, bonus incentives, strategic direction of the practice and work environment - Employee Satisfaction Survey
Survey for clinical and clerical staff soliciting feedback about overall job satisfaction, employer-sponsored benefits and their assessment of management effectiveness - Office Manager Satisfaction Survey
Survey for the practice management team to solicit feedback on overall job satisfaction, employer-sponsored benefits and their assessment of opportunities to improve the practice - One Day Onsite
PMI consultant spends one day at the practice completing the tasks outlined below - Review of Scheduling Process
Systematic review of the scheduling process to ensure that all appropriate steps are taken to properly schedule patients - Review of Check In Process
Systematic review of the check in process to ensure that patients are properly checked in and all appropriate payments are collected at the time of service - Review of Check Out Process
Systematic review of the check out process to ensure that the patients are given the opportunity to schedule follow up appointments and collect any deductible amounts owed - Billing Office Process Review
Systematic review of the billing office operations to ensure that claims are properly filed, adjudicated and followed up. - Employee Seminar on Patient Satisfaction
60 minutes presentation to the staff by the PMI consultant to share with them the importance of providing excellent customer service and the impact it has on the practice - Shareholder Strategic Planning Meeting
Two-hour meeting with shareholders to discuss the findings based on the initial financial analysis and facilitation of developing a strategic plan for the practice - Written Report Detailing Findings & Recommendations
Easy to follow report detailing specific observations that need attention, its importance and recommendations for improvement - Post Assessment Phone/Video Conference
Phone/video conference with managing partner to discuss written report provided to the practice
Remote Pediatric Practice Assessment
- Initial Phone Consultation
Phone call with Managing Partner to discuss their concerns and goals of practice assessment - Practice Cost Analysis
Review practice expenses for past two years and examination of industry norms - Provider Compensation Review
Review of existing provider compensation structure and incentives along with recommendations for improvement - Practice Valuation
Complete practice valuation with market analysis (Normally priced at $2,750) - Fee Schedule Analysis
Examine current practice fee schedule to ensure consistency following generally accepted RBRVS methodology - Payment Analysis
Review payments received to identify specific CPT codes, by insurance company, that are not paying appropriately - Financial Analysis
Review of key financial ratios over the past 24 months to identify any trends adversely affecting the practice. - Physician Satisfaction Survey
Survey for practice physicians covering compensation, bonus incentives, strategic direction of the practice and work environment - Employee Satisfaction Survey
Survey for clinical and clerical staff soliciting feedback about overall job satisfaction, employer-sponsored benefits and their assessment of management effectiveness - Written Report Detailing Findings & Recommendations
Easy to follow report detailing specific observations that need attention, its importance and recommendations for improvement - Post Assessment Phone/Video Conference
Phone/video conference with managing partner to discuss written report provided to the practice
Remote Assessment Info Sheet
On-site Assessment Info Sheet
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